Diageo Balance Sheet Health

Financial Health criteria checks 2/6

Diageo has a total shareholder equity of $12.1B and total debt of $21.9B, which brings its debt-to-equity ratio to 181.3%. Its total assets and total liabilities are $45.5B and $33.4B respectively. Diageo's EBIT is $6.0B making its interest coverage ratio 6.5. It has cash and short-term investments of $1.4B.

Key information

181.3%

Debt to equity ratio

US$21.88b

Debt

Interest coverage ratio6.5x
CashUS$1.41b
EquityUS$12.07b
Total liabilitiesUS$33.40b
Total assetsUS$45.47b

Recent financial health updates

Recent updates

Financial Position Analysis

Short Term Liabilities: DGED's short term assets ($15.1B) exceed its short term liabilities ($9.9B).

Long Term Liabilities: DGED's short term assets ($15.1B) do not cover its long term liabilities ($23.5B).


Debt to Equity History and Analysis

Debt Level: DGED's net debt to equity ratio (169.6%) is considered high.

Reducing Debt: DGED's debt to equity ratio has increased from 123.7% to 181.3% over the past 5 years.

Debt Coverage: DGED's debt is not well covered by operating cash flow (18.8%).

Interest Coverage: DGED's interest payments on its debt are well covered by EBIT (6.5x coverage).


Balance Sheet


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